The Nigeria Liquefied Natural Gas(NLNG) Ltd has declared force majeure because of widespread flooding that has disrupted supply, a spokesman for the company said yesterday.

According to Reuters, the declaration could worsen Nigeria’s cash crunch and will curtail global gas supply as Europe and others struggle to replace Russian exports due to the invasion of Ukraine in February. NLNG said all of its upstream gas suppliers had declared force majeure, forcing it to make the declaration as well.

“The notice by the gas suppliers was a result of high floodwater levels in their operational areas, leading to a shut-in of gas production which has caused significant disruption of gas supply to NLNG,” spokesperson, Andy Odeh, has said. Odeh said NLNG was determining the extent of the disruption and would try to mitigate the impact of the force majeure.

Flooding in Nigeria has killed more than 600 people, displaced 1.4 million and destroyed roads and farmland.

Officials have warned that the flooding, caused by unusually heavy rains and the release of water from a dam in Cameroon, could continue into November. NLNG’s supply had already been limited due to prolific oil theft that has slashed output from what is typically Africa’s largest exporter.

NLNG had exported roughly 18 cargoes in September, according to Refinitiv data. Nigeria relies on fossil fuel exports for 90% of its foreign exchange and roughly half its budget. Crude oil exports fell below 1 million barrels per day (bpd) on average in August, the lowest level since the 1980s, due to theft that has exceeded 80% on certain pipelines.

Follow Our WhatsApp Channel ______________________________________________________________________________________________________

[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials

“Evidence Act: Complete Annotation” by renowned legal experts Sanni & Etti.

Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation

______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence

Interested buyers are encouraged to place their orders and enquiries via: 0704 444 4777, 0704 444 4999, 0818 199 9888 Website: www.alexandernigeria.com

______________________________________________________________________